Byotrol Share Discussion Threads

[timbo003] 01/9/2017 08:01

I cannot make it to the AGM this year (on September 28th), so will go along to the General meeting on this next Monday (September 4th) instead to ask a few questions.

Anyone else intending to go to either meeting?

[shroder] 31/8/2017 21:21

Glad your not a cynic then maxk, can't say as I blame you though, has taken an age.

That said, firmly behind David and the team as Byotrol would have been in a right pickle without him.

[maxk] 31/8/2017 08:38

Well, that's the beer money secured.

[shroder] 17/8/2017 15:32

It look like institutional buying, perhaps those participating in the fund raise didn't get their full allocation?

[emeraldzebra] 17/8/2017 15:05

....well the approval from the States is a huge step in itself ?

[dan_the_epic] 15/8/2017 23:32

And that is the issue really; is this management team really up to the job of commercialisation? That's my huge stumbling block here - otherwise it's just raise, burn and repeat.

[maxk] 15/8/2017 22:50

The recent fund raiser keeps the wages being paid, what more do you want?

[shroder] 15/8/2017 20:39

Paperwork through from Barclays, looks like they are still (literally) paper based.

[emeraldzebra] 14/8/2017 10:57

Bronco - as a long standing supporter of the Co. i think Brownson is - surprisingly - being rather disingenuous and unkind, which is a shame. And there are curiously short memories on this thread. What of the recent approval from the States ? That is surely significant and of course the Co. needs the new £s from the placing to fund the follow-up.

[bronco buster] 10/8/2017 19:01

The £4+million fund raise will at least enable Byotrol to increase the deficit on its Profit and Loss from the current £22million towards £27million as 2017,2018,2019 etc roll on by.

Brownson was correct in his call back in 2013 :-

"Looks like the beginning of the end to me. Losing KC is a disaster. There can be no other interpretation. Break even is always next year for Byot. Time to exit and take the loss on the chin."

[shroder] 08/8/2017 09:06

Cheers Pug, solid TU from Pets at Home today, some of Byotrol's product range (search link)



..from Byo's results

"Petcare

Year on year revenues increased in the year to GBP794k from GBP690k and gross profit to GBP269k from GBP207k.

Petcare performed fully to expectations in the year, with improvements across the segment including in supply chain and operational efficiency, increasing gross profit margin from 30% to 34% over the year.

Sales into UK retail (via Pets At Home and Petface) remained stable across pet grooming and pet environment surface care. Export was particularly strong:


-- Our EU licensee, Beaphar NA launched 4 pet environment surface care products into the German market, with further EU territories due to launch in 2017/18 once regulatory registrations are finalised

-- Our distributor in China, Sunon (via its Carexpro brand), reported strong growth, with its range now stocked in 2500 stores across mainland China

The majority of growth for the division has been achieved from customers in Asia Pacific, which will continue to be a significant focus for Byotrol in 2017/18"

[timbo003] 07/8/2017 18:52

I spoke to David Traynor today concerning the current fund raising and needless to say the BOD are delighted by the take up in the placing.

Apparently the placing shares will qualify for EIS/VCT tax breaks, but the Open offer shares will not.

The reason for this is because in the detailed business plan (that had to be submitted to HMRC), they only asked for £3M (with hindsight DT thinks they should have asked for more). Surprisingly all £3m of the EIS/VCT money was taken up with the placing (probably through unanticipated demand from VCTs).


I'm not too worried about this from a personal perspective, as I would have been caught out by the new investor requirement rules on EIS tax relief (see link below):



The new rules exclude me (and probably most other ordinary Byotrol shareholders) from obtaining any EIS shares in either the open offer or the placing. The reason for this is that I acquired some of my shareholding in the open market and that portion of my holding did not come with EIS tax breaks, so that excludes me from acquiring anymore EIS qualifying shares. Nevertheless, I will still take up my modest entitlement in the open offer, providing the shares remain above 4p/share.

The missus is not excluded from EIS in the placing, as all her existing shareholding was acquired in the previous EIS qualifying placing at 3.25p/share, so she did apply for a few additional shares in the current placing (and was scaled back by 40%), however, I suspect she will now pass on the open offer shares due to the lack of EIS tax breaks.

[pugugly] 07/8/2017 10:34

Shroder: Very apropriate - Thanks for sharing !!

[shroder] 07/8/2017 10:15

Dealing with Barclay's reminds me of the terribly polite sketch from Monty python;

"How wonderful you have called Sir, such a delight to speak to you..Open Offer, what Open Offer.."

"It's a corporate action announced last week"

"So it is Sir, so it is..yes. well we need some forms ..I think let me look into this, in the meantime how is your garden spot of rain works wonders - anyway, what were we talking about..?"

[shroder] 07/8/2017 10:08

Fair play to Self trade, OO entitlement credited this morning, Barclays still nothing (this is not unusual from past experience).

[pugugly] 07/8/2017 09:08

Anyone know when brokers are likely to advise clients of open offer details - ??

[gostevie63] 04/8/2017 19:05

Was scaled back 40% in my application for placing shares but happy enough to get something.

[bones] 04/8/2017 12:23

gr1982, can you nip across to your WEY thread? Question for you there (post 601)

[shroder] 03/8/2017 14:19

Cheers timbo, good info.

[timbo003] 03/8/2017 14:11

Finncap maintain their price target of 9p/share after the successful placing

Revenue estimates:
2017 £3.1m (A)
2018 £3.5m
2019 £6.6m
2020 £9.7m

EPS estimates:
2017 £0.0m (A)
2018 £-0.1m
2019 £0.2m
2020 £0.6m

[timbo003] 03/8/2017 12:58

>>>Shroder

I think Gostevie has gone for placing shares, not the open offer shares. Orders for the placing shares were made earlier in the week (not today) through private client brokers, the mainstream retail brokers (such as barclays) will not have been involved.

[timbo003] 03/8/2017 12:49

* Placing over subscribed (waiting for details on scale back)

* New Chairman is subscribing to 2.5m shares at 4p

* Two directors have confirmed that they will exercise their CLNs at 3.7p by Aug 25th

[chimers] 03/8/2017 12:45

Handy tip No 4768.....Why not wait until they are 1p then you can buy even more!! ?

[shroder] 03/8/2017 12:42

Gostevie63, Barclays are quoting up to three days before they have any paperwork to act on, can only register my interest at the moment - is there a quicker way?